Alexander the Great Silver Drachms
There is no other person throughout history whose name and accomplishments influenced so many, from Julius Caesar to Napoleon, like Alexander the Great. Born a son of the Macedonian [...]
Coming Crisis: Emerging Market Debt
QUESTION: Mr. Armstrong; Just to clarify, a continued rate hike in dollars will send Emerging Market debt into chaos and possibly default. Is this both public and private?
Thank you.
You are a voice in the wilderness
PK
ANSWER: Oh yes. Both public and private emerging market debt raised money in dollars. A 2% increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default. This is true especially in Brazil, Turkey, and India.
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